We need to talk about China: “it gets worse before it gets better” scenario?

We need to talk about China: “it gets worse before it gets better” scenario?

19 Sep 2023|SuperReturn
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Alessandro SilvestroAlessandro SilvestroManaging Director, Asia Pacific at Lemanik Asset Management S.A.

Alessandro Silvestro is Lemanik Managing Director for Asia Pacific since 2018. Based in Hong Kong he is a member of the company's Global Strategic Committee. Graduated with a Master degree in Law (LLM), Alessandro brings more than two decades of international experience in the investment fund industry. Over the course of his career, he has developed Operational, Distribution and Relationship Management expertise in both Europe and Asia.

Before joining Lemanik, Alessandro lead the Insurance Sales team in Asia for Standard Chartered Hong Kong and held various senior positions with RBC Investor Services in Luxembourg, Milan and Hong Kong where he was a Member of the Management Committee.

Alessandro is a regular speaker in funds international conferences, an active member in several key funds associations and Board member in several investment funds.

Boyu HuBoyu HuFounder & Partner at XVC

Boyu Hu is the founder of XVC, a 1.2-billion research-driven venture capital fund backed by endowments, foundations and sovereign wealth funds.

Boyu's investment experience spans over a decade. He excels at singling out 'big ideas' at early-stage, and the market value of his portfolio companies, which includes Kuaishou, Weee!, Hetao coding, Chagee, etc., reached over a hundred billion USD.

Before becoming an investor, Boyu had nearly 10 years of entrepreneurial experience. He co-founded China’s largest credit risk management software company, Amarsoft (SHE:300380), where he led the development of core product lines and helped the company achieve dominance in a highly competitive market and eventually go public.

Chengeng HeChengeng HeCo-Founder & Managing Partner at Dayone Capital

Chengeng HE serves as the Partner and COO of Dayone Capital, in charge of fundraising, LP relations management and oversees the overall operation of the fund. Prior to joining Dayone Capital, Chengeng worked as a quantitative portfolio manager at Mizuho Capital Markets, Credit Suisse and Bear Stearns across New York and Hong Kong. He has operational experience as a consumer product entrepreneur in China, co-founded advanced lens manufacturing (Vizionfocus China) and DTC brands (Ophthalab and Ocufit), both brands exited through trade sale to strategics.

Lisa YeLisa YePartner at Loyal Valley Capital

Lisa joined LVC in 2016 as a Partner of the Consumer Investment Team, and has led over 20 deals at LVC including Bilibili, Bytedance, Pop Mart, with more than 14 years of investment within the media/TMT, consumer brands, and entertainment space.

Prior to joining LVC, she was a Senior Vice President at China Culture and Industrial Investment Fund (CCIIF), where she contributed to the start-up of the fund and led many investments in the internet and entertainment space for over 5 years, mapping key players of the industry in China and has led over 13 deals.

In 2020, Lisa was named as one of the “Top 10 Investors in China’s Emerging Domestic Brands by 36kr”. In 2018, she was nominated as the “Top 50 Venture Capital Investors in China by Yeean”, “Top 36 under 36 investors in China in 2017” and “Top 10 investors in the Media & Entertainment sector” by 36kr, and “Top 40 investors under 40 in China by Cyzone in 2016”.

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Description

As global LPs assess the opportunity in China, what is left to invest and how big is that opportunity? How is the market addressing the 800-pound gorilla: growing China-US tensions? With the country re-opening its borders, can it take back the limelight as south and southeast Asia’s VC industry continue to grow? Will LPs continue to put distributions on hold, or will China simply become a different bucket for them?

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